Ethereum Bears Initiate Takeover, Crypto Daily TV 22/08/2022

In Todays Headline TV CryptoDaily News:

Ethereum bears initiate takeover as Merge shadow fork encounters issues.

Ethereum core developers are engaged in preparation for the altcoin’s transition from proof-of-work to proof-of-stake. Developers informed the community of the issues that were identified in the eleventh mainnet shadow fork, an important test for the altcoin’s smooth Merge implementation.

Hackers exploit zero day bug to steal from General Bytes Bitcoin ATMs.

Bitcoin ATM manufacturer General Bytes had its servers compromised via a zero-day attack, which enabled the hackers to make themselves the default admins and modify settings so that all funds would be transferred to their wallet address.

XRP continues to battle.

The Ripple price prediction continues to battle with the $0.34 level as the coin remains below the 9-day and 21-day moving averages. The cryptocurrency remains at the downside as it continues to struggle toward the upside.

BTC/USD skyrocketed 1.4% in the last session.

The Bitcoin-Dollar pair gained 1.4% in the last session after rising as much as 2.0% during the session. The MACD is giving a negative signal. Support is at 204951 and resistance at 216891.

The MACD is currently in the negative zone.

ETH/USD exploded 2.4% in the last session.

The Ethereum-Dollar pair exploded 2.4% in the last session. According to the Williams indicator, we are in an oversold market. Support is at 1455.9733 and resistance at 1714.6133.

The Williams indicator is signalling an oversold market.

XRP/USD exploded 1.8% in the last session.

The Ripple-Dollar pair skyrocketed 1.8% in the last session. According to the CCI, we are in an oversold market. Support is at 0.3265 and resistance at 0.3479.

The CCI points to an oversold market.

LTC/USD exploded 1.7% in the last session.

The Litecoin-Dollar pair skyrocketed 1.7% in the last session. The Williams indicator indicates an oversold market. Support is at 51.191 and resistance at 57.051.

The Williams indicator is signalling an oversold market.

Daily Economic Calendar:

US Chicago Fed National Activity Index

The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. The US Chicago Fed National Activity Index will be released at 12:30 GMT, the US 3-Month Bill Auction at 15:30 GMT, the US 6-Month Bill Auction at 15:30 GMT.

US 3-Month Bill Auction

Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.

US 6-Month Bill Auction

The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.

NL Consumer Confidence Adj

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer sentiment is bullish for the overall economy. The Dutch Consumer Confidence Adj will be released at 04:30 GMT, the Belgian Consumer Confidence Index at 09:00 GMT, Germany’s German Buba Monthly Report at 10:00 GMT.

BE Consumer Confidence Index

The Consumer Confidence captures the sentiment that individuals have regarding economic activity. A high level of consumer confidence indicates a stronger economy.

DE Buba Monthly Report

The German Buba Monthly Report, released by the Deutsche Bundesbank, contains relevant articles, speeches, statistical tables, and provides detailed analysis of current and future economic conditions.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.